Montclair real estate investor acquires Belcan HQ building in Ohio

Gabrielle Saulsbery//December 22, 2021

[vc_row][vc_column][vc_column_text]BDP Holdings in Montclair acquired the Belcan headquarters building in the Cincinnati suburb of Blue Ash, Ohio.

The property is 100% leased through 2034 and recently underwent renovations, including more than $9 million in tenant improvements.

Belcan is a global engineering supplier.

“We are extremely pleased to have acquired such an important property to the Blue Ash submarket and the city of Cincinnati as a whole,” said David Placek, managing partner, BDP Holdings.

The 135,413-square-foot building on 7-plus acres was built in 2000 with a full renovation taking place during 2019 and 2020. It has five stories, plus a half-level underground for parking and storage. Directly adjacent to the property is the Neighborhoods at Summit Park, a $400 million mixed-use development project.

This is BDP Holdings’ first investment in the Cincinnati area. The company has invested more than $6.5 billion in value-driven real estate across the country.[/vc_column_text][/vc_column][/vc_row]